Strike Debt!

Rolling Jubilee Student Debt Buy

Strike Debt’s Rolling Jubilee project has abolished almost $4 million in private student debt for a little over $100,000


These debts were held by students who attended Everest College, a predatory for-profit institution in the Corinthian Colleges network. You can read a sample letter received by debtors here. Details about the purchase are available here. We bought debt from this school in order to focus public attention on the grim consequences of allowing higher education to be used as a vehicle for private profit. The students at this college were conned. The schools are now being closed or sold off to other predatory companies, leaving students with no good options. The Department of Education is not doing its job to protect the students.

In the short term, we intend to help Corinthian College students pursue a complete cancellation of all their debts. But our long term goal is to end student debt, along with other forms of predatory lending. Access to vital common goods, like education and healthcare, must be available for free, as they are in almost every other wealthy country. To achieve this goal, debtors need to be able to organize together and use their debts as leverage.

In recent months, we have joined Everest students in their fight against Corinthian and the Department of Education. We’ve also launched the Debt Collective, a platform for debtors around the country to find each other and fight back.  Learn more at debtcollective.org.